Flojoy raises $1.7 million to apply AI to instrumentation testing for heavy industries
Former Plotly CEO moving on to build new Python-based software.
Funding
PrairiesCan invests $3 million to kickstart Edmonton Unlimited’s new innovation space
The funding will provide “a space for all innovators to start and scale their companies,” mayor says.
SearchEye raises $1 million to scale platform that connects brands with content creators
Funding will help SearchEye expand capabilities, like support for audio, video, social media.
OMERS Ventures turnover continues with global head Damien Steel joining Deep Sky as CEO
With significant summer departures, OMERS Ventures’ playbook has changed once again.
Ontario government, Rogers invest combined $8.8 million for province-wide cybersecurity initiative
Canadian Cyber Threat Exchange, TMU’s cybersecurity centre are leading the initiative.
Andorix receives $54.3 million CAD in debt, equity for in-building digital infrastructure
Toronto-based startup aims to help systems like HVAC, Wi-Fi, lighting, and elevators work together on one network.
Gambit Partners aims to take some of the risk out of early-stage investing by leaning on its LPs
Led by Relay Ventures and VTS VPs, $2-million VC fund looks to leverage its LP battalion of Canadian tech operators.
OBIO offering up to $20,000 in grants to women-led health science companies
Deadline to apply for OBIO’s Women in Health Initiative is September 10.
Ideogram launches with $22.3 million CAD for generative AI text-to-image platform like DALL-E
a16z, Canadian AI expert Raquel Urtasun, Github co-founder Tom Preston-Werner invested.
Blanka raises $2.7 million CAD to simplify launching beauty brands
Blanka claims it can launch a new beauty brand in under an hour for less than $200.
Digital medical-billing platform ResolvMD secures $2-million loan from PaceZero to pursue strategic acquisitions
Doctor-backed Calgary startup sees opportunities across Alberta.
Alberta IoT, Movement51 among recipients of Alberta Innovates’ cumulative $13.6-million investment
University of Alberta secured $4.25 million across three projects.
Dcbel closes $50-million USD Series B led by climate-focused Idealist Capital
Smart home energy startup offers bidirectional EV charging.
Innerspace reveals $10-million Series A round to scale workspace utilization tech
Innerspace uses offices’ existing Wi-F infrastructures to gather occupancy data.
Cybersecurity startup Field Effect on the hunt for acquisitions following $30-million CAD debt facility from Scotiabank
The average cost of data breaches in Canada rose to $5.64 million in 2022.